Fear

Over the weekend, Warren Buffett was no question under the spotlight. The negativity of all the headlines is intensifying the fear in the air. Also on Monday morning, HSBC announced to sell $17billion of shares, even worse is that HSBC plans to announce a two-for-five rights issue, priced at about 300 pence a share, almost 40 percent below the stock’s closing price of 491.25 pence in London on Feb. 27! Currently HSBC is halted in HK trading session. Maybe the fear and the coming volatility is all we need to put a solid floor.